Diddy drops $40 million on a 17,000 square foot mansion near Michael Jackson's old home.
There are mansions, and then there are Diddy-style mansions. Yes, it's no secret that the hip-hop mogul is in a league of his own when it comes to cash, and most recently, he's used to it to purchase a 17,000 square foot mansion outside of L.A.
TMZ reports that the Bad Boy entrepreneur dropped $40 million on the estate, which was just built six months ago and is located in Holmby Hills (see map in the gallery above) very close to where Michael Jackson died.
According to TMZ, "The estate has 8 bedrooms and 11 bathrooms. The main house is 17,000 square feet with a 3,000 square foot guesthouse. And, there's a separate spa house that has a steam room, massage room and beauty salon."
Check out an aerial view of the house in the gallery.